This course provides an introduction for managers to management accounting's role in planning, directing, and controlling operations in manufacturing and service organizations. The emphasis of the topic coverage is on methods for budgeting, product costing, and performance measurement, as well as on analytical techniques that can be applied to financial and operating data to support management decisions.
Compute and evaluate relevant performance measures for controlling decentralized operations.
Compute the break-even point and use CVP formulae to determine the activity level needed to achieve a desired net profit figure.
Prepare analysis and make recommendations in several typical business decision scenarios where relevant costs are at issue: whether to keep or replace old equipment, whether a product line or other organizational segment should be dropped or retained, whether a business should make-or-buy its products or components, whether a special order should be accepted, and what is the most profitable use of a constrained resource.
Determine the acceptability of an investment project using the net present value method, and other evaluation models commonly used to assess outlays on long-term projects.
Effective as of Fall 2012
FMGT 3221 is offered as a part of the following programs:
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